Weird Moments In Television

Larry Kudlow had an exclusive interview last night with Charles Dallara, managing director of the Institute of International Finance, Inc., a global association of 400 or so financial institutions.

Dallara was lead negotiator for the banks and the private creditors involved in the Greek debt deal.

At approximately 8:52 in this video, a weird moment occurred.

KUDLOW: Let me ask you. At the end of the day, when people look at this deal, is it really backed up ultimately by the EFSF? And I want to ask you if this emergency fund is going to be levered up four to five times to at least another trillion euros or more? There's confusion about this. There's no specific statements. Part of the original money from the EFSF has been sequestered for emergencies to Italy, Spain, Portugal, and other countries...

DALLARA: (starts to laugh)

I found it unsettling at the time, and I still do, that Dallara should laugh during one of the most important questions that was posed to him by Kudlow. But that's just me.

Judge for yourself.